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    Monett Land Opportunity Title is generated by Realmo AI

    County Road 1090, Monett, MO 65708

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    For Sale
    $130,000

    LAND - Monett, MO

    Lot size:
    12.78 Acres
    Added:
    Aug 29, 2022
    Days on Market:
    1358
    Last Refresh:
    May 17 at 4:06 am

    Property Features for County Road 1090

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18-8.0-28-000-000-028.010
    Lot size
    12.78 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    723

    We can help!

    Listing Contact
    Jeffory Banning

    Listing agent Jeffory Banning

    Listing office Living The Dream, Inc. MO

    Listing date Aug 29, 2022

    MLS# 60226755 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Cleveland Avenue (Business 60) frontage.
    • 12.78 acres with development potential for office, retail, storage, or residential use.
    • Front 2 acres within city limits, located near Monett High School at a stoplight for increased visibility.
    • Existing surveys and architectural engineering designs for an Office 6‑plex and storage rental buildings included.
    • Multiple access easements from Business 60 and County Rd 1090 (Chapel Drive).
    • Good grass land, producing thirty‑six 1000# round bails in the first cutting of 2022.

    Overview

    This 12.78-acre property is located on Cleveland Avenue (Business 60) in Monett, Missouri. The land is mostly level, with the front two acres inside the city limits. Situated just east of Monett High School at the stoplight, the location provides timed visibility. The property is suitable for various opportunities, including office, retail, or storage rental facilities. There are also several sites to build a new home. Western portions of the land are in a FEMA Flood Plain. The owner has already paid for surveys and architectural engineering designs for an Office 6-plex and storage rental buildings, and all documents will convey to the new owner if desired. Multiple access easements already exist, one off Business 60 and one off County Rd 1090 (Chapel Drive). The land also features good grass, with the first cutting of 2022 producing thirty-six 1000# round bails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Monett
    County
    Barry
    State
    Missouri
    Longitude
    -93.899833
    Latitude
    36.928602

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    FAQs

    What type of property is this?
    Commercial land - 12.78 acres on busy Cleveland Avenue frontage.
    Where is this commercial land located?
    The property is located at County Road 1090 Monett, MO.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: High‑traffic location on Cleveland Avenue (Business 60) frontage.; 12.78 acres with development potential for office, retail, storage, or residential use.; Front 2 acres within city limits, located near Monett High School at a stoplight for increased visibility.
    (417) 737-1521
    We can help!
    Listing Contact
    Jeffory Banning
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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